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PAE Ltd resisted the market trend as possibility of real estate sale kept the stock price on a firm ground. The stock closed with a marginal loss at Rs 17.10 after touching a high at Rs 18.25. Punters are expecting that apart from its land in Tardeo in central Mumbai, the land (service depots) available at different parts of the country may fetch a substantial amount of non-operational revenue to the company. Moreover, its investment in Premier Ltd, a group company, is also showing signs of appreciation. Premier has also concluded one of the property development agreements with a developer.

Jayanta Mallick

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